Charles Schwab Investment Management Inc. Increases Holdings in Maximus, Inc. (NYSE:MMS)

Charles Schwab Investment Management Inc. lifted its holdings in Maximus, Inc. (NYSE:MMS - Free Report) by 12.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 929,066 shares of the health services provider's stock after buying an additional 102,350 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.54% of Maximus worth $86,552,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of MMS. Dimensional Fund Advisors LP lifted its holdings in Maximus by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,153,977 shares of the health services provider's stock worth $98,904,000 after acquiring an additional 79,092 shares during the period. Van Berkom & Associates Inc. raised its stake in shares of Maximus by 0.8% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,146,524 shares of the health services provider's stock worth $98,257,000 after purchasing an additional 8,811 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Maximus by 277.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 878,894 shares of the health services provider's stock worth $81,878,000 after buying an additional 645,760 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Maximus by 1.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 705,400 shares of the health services provider's stock valued at $65,715,000 after buying an additional 8,667 shares during the period. Finally, Millennium Management LLC increased its holdings in Maximus by 150.4% during the second quarter. Millennium Management LLC now owns 406,075 shares of the health services provider's stock worth $34,801,000 after buying an additional 243,890 shares during the last quarter. 97.21% of the stock is owned by institutional investors.

Maximus Stock Performance

MMS stock traded down $0.39 during mid-day trading on Thursday, hitting $72.50. The company had a trading volume of 1,701,725 shares, compared to its average volume of 408,183. Maximus, Inc. has a 12 month low of $71.75 and a 12 month high of $93.97. The stock's fifty day moving average price is $87.17 and its two-hundred day moving average price is $87.75. The firm has a market cap of $4.37 billion, a PE ratio of 14.50 and a beta of 0.77. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.49 and a current ratio of 1.49.

Maximus Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, November 30th. Investors of record on Friday, November 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.20 annualized dividend and a yield of 1.66%. Maximus's payout ratio is 24.00%.

Insider Buying and Selling at Maximus

In other Maximus news, insider Michelle F. Link sold 1,363 shares of the company's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $92.56, for a total transaction of $126,159.28. Following the sale, the insider now directly owns 6,567 shares of the company's stock, valued at $607,841.52. This represents a 17.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is owned by corporate insiders.

Maximus Company Profile

Maximus, Inc operates as a provider of government services in the United States and internationally. It operates through three segments: U.S. Federal Services, U.S. Services, and Outside the U.S. The U.S. Services segment offers program eligibility support and enrollment; centralized multilingual customer contact centers, multichannel, and digital self-service options for enrollment; application assistance and independent health plan choice counseling; beneficiary outreach, education, eligibility, enrollment, and redeterminations; and person-centered independent disability, long-term sick, and other health assessments.